Trading Update and Notice of Interim Results

RNS Number : 0889J

AB Dynamics PLC

28 March 2018

 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").  Upon the publication of this announcement via a Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.

28 March 2018

AB Dynamics plc
("ABD" or the "Group")

Trading Update and Notice of Interim Results

AB Dynamics plc (AIM: ABDP) the designer, manufacturer and supplier of advanced testing systems and measurement products to the global automotive industry, is pleased to provide a trading update in advance of announcing its Interim Results for the six months ended 28 February 2018.

Revenues and operating profits (adjusted to add back share option charges) for the six months to 28 February 2018 are expected to be significantly ahead of the same period last year and in line with management expectations.

The Group has seen a further increase in demand for its track testing products. A strong forward order book has secured a sales pipeline for the remainder of this financial year and into the next financial year. Looking ahead, the Group continues to invest and develop new products and technologies which will secure the Group's future.

Tony Best, Chairman, commented: "I am delighted to report that we are once again in a position to deliver another year of successful growth and have a good pipeline of orders to take us into the next financial year. Our new HQ has enabled us to improve our production capability and will also facilitate further growth."

Notice of Results

ABD will be announcing its Interim Results for the six months ended 28 February 2018 on 24 April 2018. The management team will be hosting a briefing for analysts on the day of results at 9:30am at The Gold Room, No1 Cornhill, London EC3V 3ND. Analysts who wish to attend the presentation should register their interest with Heather Armstrong, contactable at [e-mail] or on 0203 934 6634.

For further information please contact:

AB Dynamics plc	01225 860 200
Tony Best,  Chairman Rob Hart, Chief Financial Officer Mat Hubbard, Chief Operating Officer
Cairn Financial Advisers LLP (Nomad)	0207 213 0880
Tony Rawlinson Liam Murray
Cantor Fitzgerald Europe (Broker)	020 7894 7000
David Foreman Phil Davies
IFC Advisory (PR)	0203 9346634
Tim Metcalfe Heather Armstrong Graham Herring

Overview of AB Dynamics plc

AB Dynamics is a leading designer, manufacturer and provider of advanced testing and measurement products for vehicle suspension, brakes and steering to the global automotive research and development sector.

The Group is headquartered in Bradford on Avon employing approximately 130 staff. AB Dynamics currently supplies all of the top twenty automotive manufacturers, including Honda, Toyota, Ford and Volkswagen, who routinely use the Group's products to test vehicle safety and dynamics.

 

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